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Wearable Devices in the Sports Market Size, Share | Report 2031

Global Wearable Devices in the Sports Market

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Segments - by Product Types (Fitness & Heart Rate Monitors, Pedometer, Smart Camera, Smart Watch, Short Tracker, and Others), Applications (Calorie Burnt, Heart Rate Monitoring, Step Counts, Sleep Tracking, and Others), End-users (Homecare Settings, Individuals, Fitness Centres, Sports Centres, and Others), Distribution Channels (Brand Stores, Hypermarkets/Supermarkets, Independent Retail Stores, and Online Sale Channels), and Regions (Asia Pacific, North America, Europe, Latin America, and Middle East & Africa) Forecasts, 2023 - 2031

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Report Description

Global Wearable Devices in the Sports Market Outlook 2031:

The global wearable devices in the Sports Market size was valued at USD 83.98 Billion in 2022 and is projected to reach USD 120.39 Billion by 2031, expanding at a CAGR of 4.18% during the forecast period 2023 - 2031. Wearable devices in the sports include a range of products that an individual wears especially a sportsperson to monitor his/her physicality.

Wearable gadgets use several technology such as Bluetooth, Internet of Things (IoT), and Wi-Fi to connect the devices to other smart electronic devices such as smartphones or laptops that offer information on an individual's overall health conditions and performance of some physical activities.

Wearable gadgets in sports are just a collection of diverse goods that are intended to aid users’ performance through using the devices during the training. Wearable devices are being created to aid athletes through the use of technology as they are ease to use in monitoring fitness.

Wearable Devices in the Sports Market Trends, Drivers, Restraints, and Opportunities:

Growing awareness regarding the benefits of these gadgets among leisure fitness consumers and professional athletes are key factors boosting the wearable devices in the Sports market.
Availability of different smart wearable that allow to monitor the overall performance of athletes during the training or physical exercise are some driving factors of the market.
Rising demand for easy and instant operational of multimedia devices due to the wide access to the Internet among teenagers along with technological advancements in wearable devices are projected to drive the wearable devices in the Sports market growth in the coming years.
High initial costs, issues concerning about data privacy of users, and short battery life of devices are major challenges. These factors are projected to hamper the wearable devices in the Sports market expansion during the forecast period.
Increasing smartphone adoption, changing lifestyles, and growing disposable income of a large number of the global population present vital growth opportunities for the wearable devices in the Sports market.

Scope of the Wearable Devices in the Sports Market report:

The report on the global wearable devices in the sports market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes	Details
Report Title	Wearable Devices in the Sports Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Base Year	2022
Historic Data	2016–2021
Forecast Period	2023-2031
Segmentation	Product Types (Fitness & Heart Rate Monitors, Pedometer, Smart Camera, Smart Watch, Short Tracker, and Others), Applications (Calorie Burnt, Heart Rate Monitoring, Step Counts, Sleep Tracking, and Others), End-users (Homecare Settings, Individuals, Fitness Centres, Sports Centres, and Others), Distribution Channels (Brand Stores, Hypermarkets/Supermarkets, Independent Retail Stores, and Online Sale Channels)
Regional Scope	Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Report Coverage	Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report	Adidas AG; Catapult Sports Pty Ltd.; Under Armour Inc.; Nike Inc.; Apple Inc.; Fitbit Inc.; Zepp US Inc.; Garmin Ltd.; Misfit; and StretchSense Ltd.

Wearable Devices in Sports Market Segment Insights:

Pedometer segment is projected to hold significant market share

Based on product types, the wearable devices in the sports market share is fragmented into fitness & heart rate monitors, pedometer, smart camera, smart watch, short tracker, and others. The pedometer segment is projected to hold significant market share owing to the growing number of health-conscious consumers combined with expanding knowledge about physical fitness.

Pedometers can record all physical activity such as jogging, stair climbing, running, and walking. The device's instantaneous results enable the users to set goals every day to attain desired fitness goals, resulting in increasing demand for pedometer devices significantly over the years.

Step counts segment is anticipated to account for substantial share

On the basis of applications, the global wearable devices in the Sports market share is segmented into calorie burnt, heart rate monitoring, step counts, sleep tracking, and others. The step counts segment is expected to account for substantial market share in the coming years due to the rising number of health-conscious consumers, increasing healthcare expenditure, as well as a growing understanding of the need for walking every day.

Sports centres segment to register a robust pace during the forecast period

In terms of end-users, the global wearable devices in the sports market is segregated into homecare settings, individuals, fitness centres, sports centres, and others. The sports centres segment is anticipated to register a robust growth pace during the forecast period.

Manufacturers have launched a number of R&D initiatives to increase the quality of sporting wearable devices, which is expected to provide considerable boost to the segment growth.

Online sale channel segment to expand at substantial growth

Based on distribution channel, the global wearable devices in the Sports market is divided into brand stores, hypermarkets/supermarkets, independent retail stores, and online sale channels. The online sale channel segment is projected to expand at substantial growth in the coming years due to the increased popularity of online shopping behaviour.

Moreover, increasing availability of the number of different types of wearable devices along with heavy discount offers of the products present major drivers for propelling online retailers. The expanding number of e-commerce enterprises will have a beneficial impact on the e-commerce segment growth.

North America is expected to dominate the market

In terms of regions, the global wearable devices in the sports market is categorized as Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America is expected to dominate the market due to the high occurrence of chronic illnesses such as diabetes and obesity in the region as well as the widespread usage of advanced medical wearable devices to check their health conditions.

Growing physical fitness awareness as well as various initiatives launched by industry players to enhance product sales especially in the US are key drivers of the regional market growth.

Segments

By Product Types

Fitness & Heart Rate Monitors
Pedometer
Smart Camera
Smart Watch
Short Tracker
Others

By Applications

Calorie Burnt
Heart Rate Monitoring
Step Counts
Sleep Tracking
Others

By End-users

Homecare Settings
Individuals
Fitness Centres
Sports Centres
Others

By Distribution Channels

Brand Stores
Hypermarkets/Supermarkets
Independent Retail Stores
Online Sale Channels

By Regions

Asia Pacific
North America
Latin America
Europe
Middle East & Africa

By Key Players

Adidas AG
Catapult Sports Pty Ltd.
Under Armour Inc.
Nike Inc.
Apple Inc.
Fitbit Inc.
Zepp US Inc.
Garmin Ltd.
Misfit
StretchSense Ltd.

Competitive Landscape

Key players in the global wearable devices in the sports market are Adidas AG; Catapult Sports Pty Ltd.; Under Armour Inc.; Nike Inc.; Apple Inc.; Fitbit Inc.; Zepp US Inc.; Garmin Ltd.; Misfit; and StretchSense Ltd.

These players are widely engaged in various market development activities including collaborations, agreements, mergers & acquisitions, production capacity expansion, new product launches, and partnerships to increase their market share.

Table Of Content

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Wearable Devices in the Sports Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Wearable Devices in the Sports Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Wearable Devices in the Sports Market - Supply Chain
  4.5. Global Wearable Devices in the Sports Market Forecast
     4.5.1. Wearable Devices in the Sports Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Wearable Devices in the Sports Market Size (000â€™ Units) and Y-o-Y Growth
     4.5.3. Wearable Devices in the Sports Market Absolute $ Opportunity
5. Global Wearable Devices in the Sports Market Analysis and Forecast by Applications
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Applications
     5.2.2. Y-o-Y Growth Projections by Applications
  5.3. Wearable Devices in the Sports Market Size and Volume Forecast by Applications
     5.3.1. Calorie Burnt
     5.3.2. Heart Rate Monitoring
     5.3.3. Step Counts
     5.3.4. Sleep Tracking
     5.3.5. Others
  5.4. Absolute $ Opportunity Assessment by Applications
  5.5. Market Attractiveness/Growth Potential Analysis by Applications
6. Global Wearable Devices in the Sports Market Analysis and Forecast by End Users
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by End Users
     6.2.2. Y-o-Y Growth Projections by End Users
  6.3. Wearable Devices in the Sports Market Size and Volume Forecast by End Users
     6.3.1. Homecare Settings
     6.3.2. Individuals
     6.3.3. Fitness Centres
     6.3.4. Sports Centres
     6.3.5. Others
  6.4. Absolute $ Opportunity Assessment by End Users
  6.5. Market Attractiveness/Growth Potential Analysis by End Users
7. Global Wearable Devices in the Sports Market Analysis and Forecast by Region
  7.1. Market Trends
  7.2. Introduction
     7.2.1. Basis Point Share (BPS) Analysis by Region
     7.2.2. Y-o-Y Growth Projections by Region
  7.3. Wearable Devices in the Sports Market Size and Volume Forecast by Region
     7.3.1. North America
     7.3.2. Latin America
     7.3.3. Europe
     7.3.4. Asia Pacific
     7.3.5. Middle East and Africa (MEA)
  7.4. Absolute $ Opportunity Assessment by Region
  7.5. Market Attractiveness/Growth Potential Analysis by Region
  7.6. Global Wearable Devices in the Sports Demand Share Forecast, 2019-2026
8. North America Wearable Devices in the Sports Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
  8.2. North America Wearable Devices in the Sports Market Size and Volume Forecast by Country
     8.2.1. U.S.
     8.2.2. Canada
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. North America Wearable Devices in the Sports Market Size and Volume Forecast by Applications
     8.4.1. Calorie Burnt
     8.4.2. Heart Rate Monitoring
     8.4.3. Step Counts
     8.4.4. Sleep Tracking
     8.4.5. Others
  8.5. Basis Point Share (BPS) Analysis by Applications
  8.6. Y-o-Y Growth Projections by Applications
  8.7. North America Wearable Devices in the Sports Market Size and Volume Forecast by End Users
     8.7.1. Homecare Settings
     8.7.2. Individuals
     8.7.3. Fitness Centres
     8.7.4. Sports Centres
     8.7.5. Others
  8.8. Basis Point Share (BPS) Analysis by End Users
  8.9. Y-o-Y Growth Projections by End Users
  8.10. Market Attractiveness/Growth Potential Analysis
     8.10.1. By Country
     8.10.2. By Product Type
     8.10.3. By Application
  8.11. North America Wearable Devices in the Sports Demand Share Forecast, 2019-2026
9. Latin America Wearable Devices in the Sports Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Latin America Average Pricing Analysis
  9.2. Latin America Wearable Devices in the Sports Market Size and Volume Forecast by Country
      9.2.1. Brazil
      9.2.2. Mexico
      9.2.3. Rest of Latin America
   9.3. Absolute $ Opportunity Assessment by Country
  9.4. Latin America Wearable Devices in the Sports Market Size and Volume Forecast by Applications
     9.4.1. Calorie Burnt
     9.4.2. Heart Rate Monitoring
     9.4.3. Step Counts
     9.4.4. Sleep Tracking
     9.4.5. Others
  9.5. Basis Point Share (BPS) Analysis by Applications
  9.6. Y-o-Y Growth Projections by Applications
  9.7. Latin America Wearable Devices in the Sports Market Size and Volume Forecast by End Users
     9.7.1. Homecare Settings
     9.7.2. Individuals
     9.7.3. Fitness Centres
     9.7.4. Sports Centres
     9.7.5. Others
  9.8. Basis Point Share (BPS) Analysis by End Users
  9.9. Y-o-Y Growth Projections by End Users
  9.10. Market Attractiveness/Growth Potential Analysis
     9.10.1. By Country
     9.10.2. By Product Type
     9.10.3. By Application
  9.11. Latin America Wearable Devices in the Sports Demand Share Forecast, 2019-2026
10. Europe Wearable Devices in the Sports Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Europe Average Pricing Analysis
  10.2. Europe Wearable Devices in the Sports Market Size and Volume Forecast by Country
     10.2.1. Germany
     10.2.2. France
     10.2.3. Italy
     10.2.4. U.K.
     10.2.5. Spain
     10.2.6. Russia
     10.2.7. Rest of Europe
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Europe Wearable Devices in the Sports Market Size and Volume Forecast by Applications
     10.4.1. Calorie Burnt
     10.4.2. Heart Rate Monitoring
     10.4.3. Step Counts
     10.4.4. Sleep Tracking
     10.4.5. Others
  10.5. Basis Point Share (BPS) Analysis by Applications
  10.6. Y-o-Y Growth Projections by Applications
  10.7. Europe Wearable Devices in the Sports Market Size and Volume Forecast by End Users
     10.7.1. Homecare Settings
     10.7.2. Individuals
     10.7.3. Fitness Centres
     10.7.4. Sports Centres
     10.7.5. Others
  10.8. Basis Point Share (BPS) Analysis by End Users
  10.9. Y-o-Y Growth Projections by End Users
  10.10. Market Attractiveness/Growth Potential Analysis
     10.10.1. By Country
     10.10.2. By Product Type
     10.10.3. By Application
  10.11. Europe Wearable Devices in the Sports Demand Share Forecast, 2019-2026
11. Asia Pacific Wearable Devices in the Sports Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Asia Pacific Average Pricing Analysis
  11.2. Asia Pacific Wearable Devices in the Sports Market Size and Volume Forecast by Country
     11.2.1. China
     11.2.2. Japan
     11.2.3. South Korea
     11.2.4. India
     11.2.5. Australia
     11.2.6. Rest of Asia Pacific (APAC)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Asia Pacific Wearable Devices in the Sports Market Size and Volume Forecast by Applications
     11.4.1. Calorie Burnt
     11.4.2. Heart Rate Monitoring
     11.4.3. Step Counts
     11.4.4. Sleep Tracking
     11.4.5. Others
  11.5. Basis Point Share (BPS) Analysis by Applications
  11.6. Y-o-Y Growth Projections by Applications
  11.7. Asia Pacific Wearable Devices in the Sports Market Size and Volume Forecast by End Users
     11.7.1. Homecare Settings
     11.7.2. Individuals
     11.7.3. Fitness Centres
     11.7.4. Sports Centres
     11.7.5. Others
  11.8. Basis Point Share (BPS) Analysis by End Users
  11.9. Y-o-Y Growth Projections by End Users
  11.10. Market Attractiveness/Growth Potential Analysis
     11.10.1. By Country
     11.10.2. By Product Type
     11.10.3. By Application
  11.11. Asia Pacific Wearable Devices in the Sports Demand Share Forecast, 2019-2026
12. Middle East & Africa Wearable Devices in the Sports Market Analysis and Forecast
  12.1. Introduction
     12.1.1. Basis Point Share (BPS) Analysis by Country
     12.1.2. Y-o-Y Growth Projections by Country
     12.1.3. Middle East & Africa Average Pricing Analysis
  12.2. Middle East & Africa Wearable Devices in the Sports Market Size and Volume Forecast by Country
     12.2.1. Saudi Arabia
     12.2.2. South Africa
     12.2.3. UAE
     12.2.4. Rest of Middle East & Africa (MEA)
  12.3. Absolute $ Opportunity Assessment by Country
  12.4. Middle East & Africa Wearable Devices in the Sports Market Size and Volume Forecast by Applications
     12.4.1. Calorie Burnt
     12.4.2. Heart Rate Monitoring
     12.4.3. Step Counts
     12.4.4. Sleep Tracking
     12.4.5. Others
  12.5. Basis Point Share (BPS) Analysis by Applications
  12.6. Y-o-Y Growth Projections by Applications
  12.7. Middle East & Africa Wearable Devices in the Sports Market Size and Volume Forecast by End Users
     12.7.1. Homecare Settings
     12.7.2. Individuals
     12.7.3. Fitness Centres
     12.7.4. Sports Centres
     12.7.5. Others
  12.8. Basis Point Share (BPS) Analysis by End Users
  12.9. Y-o-Y Growth Projections by End Users
  12.10. Market Attractiveness/Growth Potential Analysis
     12.10.1. By Country
     12.10.2. By Product Type
     12.10.3. By Application
  12.11. Middle East & Africa Wearable Devices in the Sports Demand Share Forecast, 2019-2026
13. Competition Landscape
  13.1. Global Wearable Devices in the Sports Market: Market Share Analysis
  13.2. Wearable Devices in the Sports Distributors and Customers
  13.3. Wearable Devices in the Sports Market: Competitive Dashboard
  13.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     13.4.1. Adidas AG
     13.4.2. Catapult Sports Pty Ltd.
     13.4.3. Under Armour Inc.
     13.4.4. Nike Inc.
     13.4.5. Apple Inc.
     13.4.6. Fitbit Inc.
     13.4.7. Zepp US Inc.
     13.4.8. Garmin Ltd.

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